Can I rent out my house after I refinance it?
Hello, we bought a house a year ago and are currently going through the refinancing. My husband has handled the refinancing so I am not sure of the terms (waiting for it to be finalized to review).
Can you typically rent out a house after a refinance?
We've lived in the house for over a year and bought it as our primary residence. We fixed the house up and licensed it as an RCFE (Residential Care Facility for the Elderly) but are having a really hard time finding residents, which is why we have considered to let go of that dream and rent out the house with the intent of starting our rental portfolio. Since we have already started the refinancing process, is it too late to want to rent out?
We live in Southern California.
Any feedback helps! Thank you.